We took another stroll back to the dog pound this week. This LP yields 11.4%, with 1.3x trailing coverage. It has the lowest Price/DCF vs. its high yield peer group. It also has the lowest EV/EBITDA. We examine management's EBITDA guidance, comparing Q1 actuals, to see if they're on target for 2017.
Should Martin Midstream Partners LP (NASDAQ:MMLP) should be let out to run. Mr. Market doesn't think so yet - MMLP has trailed the market and the ALPS Alerian MLP ETF (NYSEARCA:AMLP) over the past month, quarter, year to date and year. MMLP's management slashed its distribution by 39% in Q3 '16, from $.8125 down to $.50, in order to improve its coverage, which had dipped to .76x in Q2 2016. Since then, however, there's been a big improvement in coverage, which peaked at 1.98x in Q4 '16 and ended Q1 '17 at 1.68x, giving it a 1.3x trailing coverage ratio.
Source: Seeking Alpha
Related Articles:
- 4 High Yield, High Risk Dividend Stocks
- 5 Dividend Stocks To Buy And Hold, Not Buy And Forget
- All Investments Carry Risk
- Warren Buffett's Two Investing Rules For Dividend Investors
- Dividend Stocks vs. Dividend ETFs
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There’s nothing more satisfying that getting money for doing nothing. That’s why dividend stocks hold so much appeal for portfolios. Many of...
-
We've broadened our search to the S&P 500, and also found two high-dividend stocks among the dividend yield leaders of that larger i...
-
The truth is, some of the best dividend stocks can be found outside the United States. The world is filled with a variety of strong multinat...
-
I believe in dividend growth investing and consider holding strong companies will help me going through any stock market storm. I believe di...
-
Dividend stocks can be a great source of passive income. Not only do they deliver cash into your brokerage account on a recurring basis, but...
-
Generally speaking, the higher the yield, the higher the risk involved. Since yield is a function of share price, a failing business model w...
-
With bond rates already low and the Fed hinting at rate decreases, dividend stocks are in high demand these days, as alternatives in the fix...
-
What kind of income-generating assets make the most sense? Obviously, those that appear undervalued with respect to the basket/group of stoc...
-
Warren Buffett famously quipped that if you aren't willing to own a stock for 10 years, you shouldn't think about owning it for 10 m...
-
If you are retired, you have likely shifted from building your nest egg to living off your assets. That means you probably gravitate toward ...
0 comments
Post a Comment
Post a Comment